Kingfisher Crisis

Updated : Mar 8, 2013

Will Vijay Mallya use his wealth to save Kingfisher Airlines?

Business Today's research shows Vijay Mallya and his family's net worth has almost doubled to more than Rs 8,000 crore in the past year, while the Kingfisher Airlines stock has plunged, wiping out almost two-thirds of investor wealth.

Updated : Mar 5, 2013

Vijay Mallya exits Forbes rich list as fortune dips

Liquor baron Vijay Mallya has been moved out of Forbes' global rich list of 1,226 billionaires, even as the number of Indians in this elite club has grown since last year.

Updated : Nov 5, 2012

Kingfisher Airlines yet to file resumption plan

Citing the airline's failure to run a "safe, efficient and reliable operations", the DGCA had suspended its licence last month.

Updated : Mar 7, 2012

Travel agents barred from issuing Kingfisher tickets

According to industry experts, the move to suspend Kingfisher from the clearance system on account of non-payment of dues to the International Air Transport Association (IATA) is expected to affect nearly 30-35 percent of its business.

Updated : Feb 22, 2012

SBI to bail out Kingfisher Airlines with Rs 1,500 cr loan

The income tax department also softens its stand and defreezes the airline's bank accounts as part of the bailout package for the loss-making carrier.

Updated : Dec 13, 2011

Govt defends state-run banks' exposure to Kingfisher Airlines

The government defends state-run lenders' exposure to debt-ridden Kingfisher Airlines and says that loans worth Rs 6,419 crore to the debt-ridden air carrier were not over-valued.